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Article Archive | Page 3

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U.S. Oil Rig Count Continues To Rise Despite Saudi Warnings

Mar 24, 2017 at 13:01

The United States oil rig count jumped by 21 this week, to its highest level since September 2015, according to Baker Hughes’ latest rig on domestic drilling activity. The…

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TransCanada Gets Presidential Permit To Build Keystone XL

Mar 24, 2017 at 12:49

TransCanada Corporation said on Friday that the U.S. Department of State had signed and issued a Presidential permit authorizing the company to construct and operate the Keystone XL pipeline.…

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ExxonMobil Just Got Hit By This Fast-Rising New Energy Problem

Mar 24, 2017 at 10:59

Big developments this week on a new challenge quickly rising for the energy industry… and beyond. Climate change reporting. ExxonMobil lost a key decision in an ongoing climate change battle…

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OPEC In Trouble As Saudis Becoming Weary Of “Free Riders”

Mar 23, 2017 at 16:16

From casual observation, one might be forgiven for referring to the OPEC production cut in place since November 2016 as the “Saudi production cut.” That’s because Saudi Arabia, OPEC’s leading…

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U.S. Electric Grid Could Cost $5 Trillion To Replace

Mar 23, 2017 at 16:14

Since Nikola Tesla and George Westinghouse lit up Buffalo from Niagara Falls at the end of the 19th century, electricity has been an integral part of American life, heating…

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Venezuela In Dire Straits As Oil Production Falls Further

Mar 23, 2017 at 16:06

Venezuela’s economic crisis continues to deepen. The South American OPEC member is thought to be sitting on nearly 300 billion barrels of oil, far more than any other country…

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The Upcoming Surge In U.S. Oil Demand Explained In One Chart

Mar 23, 2017 at 16:06

Wow. It’s not often a chart can say so much about human behavior, economic theory, oil consumption and maybe even the future of energy all in one spreadsheet column. For…

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Will Russia Ditch Its Ambitious Oil Tax Reform?

Mar 23, 2017 at 16:05

2018 was supposed to be a transformative year in Russia – presidential elections are looming, the Russian economy is expected to bust out of its current slump and the oil…

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Energy Market Deregulation: Be Careful What You Wish For

Mar 23, 2017 at 13:28

U.S. oil and gas companies are licking their chops over the prospect of deregulation, but they could be faced with too much of a “good thing.” Historically low natural gas…

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PetroChina Mulls $85 Billion Spinoff

Mar 23, 2017 at 11:09

PetroChina may be considering a spinoff for its oil and gas pipeline business, which could be worth as much as $85 billion, according to investment analysts. The suggestion has…

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